Exercise of employee share options

Exercise of employee share options in company Dolphin Group ASA ("the Company").

Participants in the Company's share option programs have on 3 March 2014 exercised a total number of 1 824 004 options in the Company consisting of 1 632 337 options at a strike price of NOK 2.50 and 191 667 options at a strike price of NOK 3.00.

The share capital is to be increased by NOK 3 648 008 by the issuance of 1 824 004 shares.

Attached is a list of 4 primary insiders exercising stock options.
 
This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Nina Midtlie, Group Financial Director          
Mobile:+47 98 20 63 78
E-mail:nina.midtlie@dolphingeo.com

Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone:+47 22 07 15 30
Fax:+47 22 07 15 31

www.dolphingeo.com

Dolphin Group ASA is the parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine geophysical services. Dolphin operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis.

Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).